Business

Gallagher appoints lead to IP insurance practice

Erik Alsegard joins the firm following a seven year tenure at CFC Underwriting, where he was the IP practice lead

Gallagher has announced that it has appointed Erik Alsegard to oversee the group’s new intellectual property (IP) insurance practice.

Alsegard joins the firm following a seven year tenure at CFC Underwriting, where he was the IP practice lead. He has also held specialist IP insurance positions at Munich Re and Miller.

As IP director, he will report to executive director Tom Draper, who runs Gallagher’s cyber practice. His first priority will be to offer the services to existing Gallagher clients that have a demand in this growing area of specialist insurance.

IP insurance typically covers legal defence costs and damages or settlement awards for policyholders accused of IP infringement, among other things.

Alsegard said: “Coming to Gallagher to lead the development of this practice is a fantastic opportunity – due to its intangible nature IP risk is a very real but often uninsured exposure that can significantly impact firms.

“It’s important that businesses have access to specialist advice on this complex area. I look forward to working with the team to develop our offering.”

Draper added: “Erik is a seasoned practitioner in the IP insurance market and brings depth of market insight and technical understanding that will be critical to developing the solutions we deliver for our clients.”

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